Electronics Mart India Limited
| Company type | Public |
|---|---|
| ISIN | INE02YR01019 |
| Genre | Electronics retail chain |
| Founded | 1980 |
| Founder | Pavan Bajaj |
| Headquarters | India |
Number of locations | Telangana, Andhra Pradesh, Delhi-NCR |
Area served | India |
Key people | Pavan Kumar Bajaj (Chairman & Managing Director) Karan Bajaj (Chief Executive Officer) |
| Revenue |  ₹4,344 crore (US$520 million) (FY 2022)[1] |
Electronics Mart India Limited (EMIL) is an Indian retail company of electronics home appliances and consumer durables.[2][3] It is headquartered in Hyderabad, Telangana and currently operates 121 stores under its several brands across Telangana, Andhra Pradesh and Delhi NCR.[4][5]
History
[edit]EMIL commenced its business operations in 1980 under Pavan Bajaj.[6] As a sole proprietary concern by setting up a consumer durable and electronic retail store in Lakdi ka pul, Hyderabad under the name of Bajaj Electronics.[7] In 2011, sole proprietorship was converted into a partnership firm named Bajaj Electronics. In 2018, the partnership firm was converted into a public limited company. EMIL also opened its 50th store in Hyderabad in 2018.[8] Two years later, they crossed rupees 30,000 million in net sales.[9] In September 2021, the company filed offer document with SEBI to raise Rs 5000 million through an initial public offer.[10][11] Later in October 2022, EMIL was successfully listed on National Stock Exchange and Bombay Stock Exchange.[12]
Financials
[edit]EMIL made a debut in the stock market with their stock opening at Rs 89.40, a 52 per cent premium over its issue price on BSE.[13][14] In NSE, its shares were listed at a 53 per cent premium at Rs 90 as against its issue price of Rs 59 per share.[15][16]
References
[edit]- ^ "Electronics Mart India Limited - ICICI Direct Analyst Report" (PDF). ICICI Direct. Retrieved 24 December 2022.
- ^ Rathor, Swati (1 November 2021). "Electronics Mart India bets big on Telangana & Andhra - Hyderabad News". The Times of India. Retrieved 24 December 2022.
- ^ "Electronics Mart India scrip scripts a strong debut". The Hindu BusinessLine. 17 October 2022. Retrieved 24 December 2022.
- ^ Priya sundarajan (26 February 2014). "Bajaj Electronics to expand retail chain". The Hindu BusinessLine. Retrieved 24 December 2022.
- ^ "Electronics Mart India Limited - Angelone Analyst Report" (PDF). angelone. Retrieved 24 December 2022.
- ^ "Hyderabad-based EMIL offers shares worth Rs 500 crore". Deccan Chronicle. 4 October 2021. Retrieved 24 December 2022.
- ^ "Karan Bajaj: Electronics Mart does not have direct online operations. We are a pure offline retailer: Karan Bajaj". The Economic Times. 17 October 2022. Retrieved 24 December 2022.
- ^ Today, Telangana (16 February 2022). "Bajaj opens 100th store at Inorbit mall in Hyderabad". Telangana Today. Retrieved 24 December 2022.
- ^ "Electronics Mart Files IPO Papers With SEBI, To RaiseRs 500 Crore". NDTV.com. 22 February 2019. Retrieved 24 December 2022.
- ^ Chronicle, Deccan (2 October 2022). "Bajaj Electronics announces opening of its IPO on October 4". Deccan Chronicle. Retrieved 24 December 2022.
- ^ "Electronics Mart IPO to open next week, price band fixed at Rs 56-59". Business Today. 28 September 2022. Retrieved 24 December 2022.
- ^ "Electronics Mart India shares make strong market debut, list at premium". mint. 17 October 2022. Retrieved 24 December 2022.
- ^ Nahar, Pawan (17 October 2022). "Electronics Mart India: Should you book profits after stellar debut or hold it for long-run?". The Economic Times. Retrieved 24 December 2022.
- ^ "Electronics Mart India Limited - SEBI Analyst Report" (PDF). SEBI. Retrieved 24 December 2022.
- ^ Pachal, Debashish (17 October 2022). "Electronics Mart makes a strong debut, lists 52% higher from issue price". The Indian Express. Retrieved 24 December 2022.
- ^ "Electronics Mart India Limited - KRChoksey Analyst Report" (PDF). KRChoksey. Retrieved 24 December 2022.